5 New Cryptos Join Hong Kong Rating Agencys Index – DOGE, XRP, ADA, SHIB, and More!

By Lola Coin Jun 27, 202374Views

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Hong Kong has recently reopened its doors to the world of digital assets and has introduced regulations to govern the trading and issuance of cryptocurrencies. The Hong Kong Virtual Asset Consortium (HKVAC) has released a virtual asset index that includes a wide range of cryptocurrencies. However, there are controversies surrounding the index as it includes platform tokens, privacy tokens, and tokens listed as securities by the US Securities and Exchange Commission. The index is based on market capitalization and includes the top 30 cryptocurrencies with the highest market capitalization (excluding BTC, ETH, and stablecoins). Currently, only a few cryptocurrencies are approved for retail trading by the SFC. The impact of the HKVAC index on this list is uncertain. The total crypto market capitalization is currently at $1.149 trillion.

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